Acquisition and Divestitures (Tables)

12 Months Ended

Dec. 31, 2015

Acquisitions and Divestitures [Abstract]

Schedule of significant assets acquired and liabilities assumed and purchase accounting/fair value adjustments

The following schedule details acquired assets and liabilities and consideration paid, as well as adjustments to record the assets and liabilities at their estimated fair values:
			TrustAtlantic Financial Corporation
					Purchase Accounting/
			As			Fair Value		As recorded
(Dollars in thousands)			Acquired			Adjustments		by FHN
Assets:
Cash and cash equivalents			$	18,801		$	-	$	18,801
Securities available-for-sale				73,822			(10)		73,812
Loans, net of unearned income				298,050			(16,106)		281,944
Allowance for loan losses				(4,639)			4,639		-
Core deposit intangible				84			1,866		1,950
Goodwill				3,721			(3,721)		-
Premises and equipment				2,353			1,214		3,567
Real estate acquired by foreclosure				1,018			(95)		923
Deferred tax asset				2,940			4,262		7,202
Other assets				10,638			1,135		11,773
	Total assets acquired		$	406,788		$	(6,816)	$	399,972
Liabilities:
Deposits			$	342,788		$	1,300	$	344,088
Other liabilities				3,173			1,407		4,580
	Total liabilities assumed			345,961			2,707		348,668
Net Assets Acquired			$	60,827		$	(9,523)		51,304
Consideration paid:
	Equity Consideration								(72,791)
	Cash								(23,888)
		Total consideration paid							(96,679)
Goodwill								$	45,375

The following schedule details significant assets acquired and liabilities assumed from the FDIC for MNB and purchase accounting/fair value adjustments:
		Mountain National Bank
				Purchase Accounting/
		Acquired from			Fair Value		As recorded
(Dollars in thousands)		FDIC			Adjustments		by FHN
Assets:
Cash and cash equivalents		$	54,872		$	-	$	54,872
Interest-bearing cash			26,984			-		26,984
Securities available-for-sale			73,948			(440)		73,508
Loans, net of unearned income			249,001			(33,094)		215,907
Core deposit intangible			-			3,200		3,200
Premises and equipment			10,359			3,755		14,114
Real estate acquired by foreclosure			33,294			(10,930)		22,364
Deferred tax asset			(286)			3,097		2,811
Other assets			3,375			(461)		2,914
	Total assets acquired	$	451,547		$	(34,873)	$	416,674
Liabilities:
Deposits		$	362,098		$	2,000	$	364,098
Securities sold under agreements to repurchase			1,930			-		1,930
Federal Home Loan Bank advances			50,040			5,586		55,626
Other liabilities			2,547			-		2,547
	Total liabilities assumed		416,615			7,586		424,201
Acquired noncontrolling interest			117			57		174
	Total liabilities assumed and acquired noncontrolling interest	$	416,732		$	7,643	$	424,375
Excess of assets acquired over liabilities assumed		$	34,815
Aggregate purchase accounting/fair value adjustments					$	(42,516)
Goodwill							$	7,701